Global Compact Network Ceylon hosted the United Nations Global Compact Local Network Regional Meeting for Asia & Oceania in Colombo...
For the first time in Sri Lanka, the National Mobile Service Provider, Sri Lanka Telecom Mobitel launched a NFC (Near Field Communication)based loyalty programme – the Club Magnate loyalty programme. This ground-breaking product is yet another innovative addition to the Telco’s growing portfolio.
LankaCom launched its Internet Protocol Television (IPTV) in-room entertainment solution for the Sri Lanka’s hospitality sector recently.
The LankaCom IPTV system, developed by SingTel, offers hoteliers a more cost effective and highly customisable solution. From easy customisation of the Guest User Interface (GUI) to regularly updating the system with guest relevant information, hotels will have greater opportunities for branding, information dissemination and interaction with the customers.
The Ceylon Motor Traders Association (CMTA) will be making representations to the Finance Ministry shortly, calling for a reduction on excise duty for commercial vehicles at a time when top officials believe the majority of vehicle sales are being fueled by duty - free permits.
Germany’s DEG and Dutch state-owned development bank FMO will be purchasing a 38 percent stake in Asian Alliance Insurance PLC (AAI) in which Softlogic group has over 95 percent.
Sri Lanka recorded a 16.5% Yearon-Year growth in tourist arrivals for the period from January to November 2012 attracting 883,353 tourists, outstripping Maldives, a key tourist attraction in the South Asian region.
Today for many companies globally it has become an addiction to pursue short-term growth initiatives at the expense of long-term innovation that would generally generate sustainable profits and jobs.
President Mahinda Rajapaksa who’s also the Minister of Finance and Planning presenting budget proposals for 2013, in Parliament on 08th November 2012, stated that, the government introduced far reaching reforms in the 2011 budget,.....
The International Energy Agency (IEA) has provided an unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO) according to Gail Tverberg and reported in the Oil Voice Magazine of December 2012.
Sri Lanka is among the twelve countries that has highly vulnerable financial systems and a highest risk rating, according to global rating agency, Fitch.
The Embassy of Sri Lanka in Washington DC, USA yesterday drew the attention of all Sri Lankan exporters of food and beverage products to USA and asked them to renew their registration with the US Food and Drug Administration (FDA) before 31 December 2012.
Sri Lanka’s tourist arrivals hit a record high in the first 11 months of 2012, surpassing its annual peak recorded last year, government data showed yesterday.
Amana Bank was recognized as one of those institutions that had brought in foreign investments into Sri Lanka during the most difficult period of terrorism in the country, at the Global Commerce Excellence Awards ceremony held at The Kingsbury hotel in Colombo recently.
Minimum broadband speeds are expected to be imposed and strictly monitored for both fixed and wireless operators from next January, Sri Lanka’s telecom regulator said.
Though Sri Lanka has recorded GDP growth rates of 8 and 8.3 percent during 2010 and 2011, the country still remains far too distant from the other emerging markets in terms of both fiscal balance and public debt as a percentage of GDP, an International Monetary Fund official showed.
Micro Cars Ltd commenced its first set of exports of six locally assembled tractors to Malaysia recently.
Despite the boost brought in a by a surprise policy rates cut by the Central Bank last week, foreign buying in the Colombo bourse slowed during last week, a local brokerage said.
During the past week, the Central Bank of Sri Lanka lowered its policy rate. This resulted in the Colombo Stock Exchange showing significant gains. On December 12, 2012, the policy rates were lowered and this resulted in the All Share Price Index (ASPI) increasing
In all business organisations, there are often two types of work. There is the normal delivery process, where the main business of the organisation is done. Then there are the change activities, whereby necessary change is made to the business and the way it is done.
New regulations for the ornamental fish industry are crucial to the protection of Sri Lanka’s endemic species as well as the future of a potential growth industry, according to the Live Tropical Fish Exporters Association of Sri Lanka.
Sri Lankan stocks rose for the fourth straight session yesterday to nearly a one-month high, bolstered by a surprise rate cut by the Central Bank the previous day to support economic growth.
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